Ministry of Trade Industry and Resources

Internship opportunities to be available for 300 engineering students

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 27 that students of engineering colleges anywhere in South Korea who have applied for a 6-month internship program can work as R&D staff at SME's in different regions. More than 300 students were accepted to the program, which provides a stipend of 1.2 million won ($1,100) a month as well as 12 units.     MOTIE selected 6 businesses that will operate the R&D internship support program in May this year, and r date2015-08-27

Software integrated parts to be selected to turn the key industries into smart industries

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 25 that it has selected 20 software integrated parts that are necessary to advance the key industries and turn them into smart industries.     The parts are for wearable devices, OLED, high-quality virtual multimedia, smart sensors, high fuel efficient motors and high-precision controllers that can be used in 13 industrial engines used by self-driving vehicles and intelligent robots.     According to a res date2015-08-25

Bupyeong Industrial Complex celebrates 50th anniversary

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 21 that Bupyeong National Industrial Complex is celebrating its 50th anniversary this year.     Designated as a National Industrial Complex in 1965 according to the Export Industrial Complex Development Act, the complex located in Changcheon-dong, Bupyeong-gu, Incheon currently houses a total of 761 companies on 610,000㎡ (6.5 mil sqft) of land.     It's the largest industrial complex in Korea for electric and electronics businesses, and 54.3 percent of the entire area is currently occupied by foreign invested companies.     Last year alone, it produced goods worth 2.9 trillion ($ 2.6 billion) and exported 2.8 trillion won worth of goods. There are more than 12,000 people currently working there.     * Short version date2015-08-21

MOTIE Minister Yoon Backs LG Display's Plan to Invest in OLED

MOTIE Minister Yoon Backs LG Display's Plan to Invest in OLED   Minister of Trade, Industry and Energy Yoon Sang-jick attended a press conference hosted by LG Display Co. in Paju, South Korea, yesterday.   At the presser, the minister applauded the plan by the world's biggest maker of liquid crystal displays (LCDs) to increase investment in organic light-emitting diode (OLED) displays.   Minister Yoon also pledged the government's continued support for local companies to invest in date2015-08-19

South Korea to Hold Three-Day Special Sale Event for Chinese Online Shoppers

South Korea to Hold Three-Day Special Sale Event for Chinese Online Shoppers   South Korea plans to hold a special sale event called `XingXing Korea' for Chinese online shoppers from August 19 to August 21 as part of efforts to promote exports.   During the three-day event, 17 local online shopping malls will offer discounts of 8 to 50 percent on about 1,700 items ranging from cosmetics to groceries.   Also, the Korea Post will give a discount of 36 percent on international shippi date2015-08-18

South Korea Launches `Korea Grand Sale' for Foreign Tourists

      South Korea has launched the Korea Grand Sale for foreign tourists in an effort to revive the local tourism industry and economy hit by the recent Middle East Respiratory Syndrome (MERS) incident.   The sixth annual event is the largest ever as about 250 local companies and 30,000 stores, from airlines to duty-free shops, are offering various shopping benefits and events.   The Korea Grand Sale will run earlier than scheduled from August 14 to October 31, as it is normally held in winter, a relatively less popular season for foreign tourists.   For more information about the Korea Grand Sale, please visit its English website at date2015-08-17

South Korea Hosts 10th International Standards Olympiad

South Korea Hosts 10th International Standards Olympiad   The Korean Agency for Technology and Standards (KATS) is hosting the 10th International Standards Olympiad in Seoul from August 6 to 7.   For more information about this tournament for teenage students, please visit its English website at: http://standards-olympiad.kr/eng/index.asp date2015-08-06

South Korean Scientists Develop Robot That Walks on Water

      A South Korean-led team of global scientists have developed a robot that can walk and jump on water like an insect, according to a paper published in Science magazine ().   Mimicking the natural secrets of insects like the water strider, the robot can support its weight and even leap without breaking the surface tension of water.   The researchers solved the mystery of how the so-called "Jesus bugs" support themselves on water by carefully studying their motions using high-speed cameras.   Scientists are already imagining a whole host of uses for the robot, ranging from surveilance to enviornmental monitoring to disaster relief.   To find out more about this robotics breakthrough and its possible applications, check out the report in Popular Science magazine: date2015-08-04

South Korea Opens First Paid Charging Station for Electric Cars

South Korea Opens First Paid Charging Station for Electric Cars   South Korea opened its first paid charging station for electric vehicles yesterday as the country pushes forward with its plan to develop energy-related new industries and reduce carbon emissions.   Chung Yang-ho, deputy minister for energy and resources at the Ministry of Trade, Industry and Energy (MOTIE), attended the opening ceremony for the new station in Jeju Island, the Hawaii of Korea.   Major local companie date2015-07-24

South Korea's Renault Samsung to Develop Super Fuel-Efficient Electric Car

South Korea's Renault Samsung to Develop Super Fuel-Efficient Electric Car   South Korea's Renault Samsung Motors Co. plans to develop an electric car within three years that can drive more than 300 km (186 miles) on a single charge.   The plan was unveiled at the 7th Private-Government Consultative Meeting on Energy-Related New Industries held in Seoul earlier this week, the Ministry of Trade, Industry and Energy (MOTIE) said in a statement.   Renault Samsung Motors, the local un date2015-07-23